Why Do First Basemen Get Paid So Much?
This April, Joey Votto signed a contract to man first base for the Reds for the next 12 years. For context, a dozen years ago, Jeff Bagwell was the first baseman who had just led the league in WAR. Votto is unlikely to be very productive in 2023, but the Reds already know this. This is just a $22 million-per-year payment plan to avoid having to pay Votto the $40 million they think he’s worth now.
In the past couple years, we’ve seen massive contracts given out to first basemen. Seven of 30 starting sluggers on the cold corner are currently playing with contracts in excess of $100 million, including Mark Teixeira, Miguel Cabrera, Ryan Howard, Adrian Gonzalez, Albert Pujols, Prince Fielder and Votto. In contrast, there are seven other position players — combined — who are playing with $100 million contracts.